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Analysis of Transactions Using Accounting Equation For each of the seven separate transactions below, show the impact on the components of the accounting equation. 1. Tax Services Inc. provided $2,000 of tax services on account this period. 2. Eagles Brand Inc. incurred utility costs for this period of $1,700, payable next period. 3. Texako Inc. paid $100,000 in dividends this period that were declared last period 4. Post Corp. purchased equipment at a cost of $50,000 by issuing a note payable. 5. Atlanta Inc. paid $4,400 cash for one year of insurance coverage. 6. Quality Products Inc. paid $16,000 cash for supplies to be used in the next period. 7. Fast Food Inc. paid $6,000 cash for salaries this period. - Note: Use a negative sign with your answer to indicate a decrease. - Note: Select "N/A" as your answer if a part of the accounting equation is not affected. accoun Cash